Dalata first half revenues edge 1% higher as new openings offset lower room rates
Hotel group agreed in July to be bought by a Nordic consortium for €1.4bn
Hotel group agreed in July to be bought by a Nordic consortium for €1.4bn
Dublin-listed hotel group’s board plans to recommend to shareholders
Hotel group’s board said it ‘continues to engage’ with parties who are participating in the formal sales process
Oslo-based investment firm Eiendomsspar and Swedish hotel company Pandox had €1.3bn bid rejected this month
Ireland’s largest hotels business says strategic review is designed to find additional capital, including through a potential sale of listed group
Company declines to say if it has plans to increase its holding but denies any strategic stakebuilding
Maldron and Clayton band operator has also refinanced its existing bank facilities, increasing its debt capacity to €600m
The group also plans to open a Maldron hotel at Croke Park in Dublin in 2026 along with a hotel in Edinburgh in the same year
Hotel group’s chief executive says the secret sauce for its success to date has been its people
Dalata chief executive Dermot Crowley says the investment will deliver consistency in its communications with customers
But questions remain about future of travel and tourism as consumer concerns bite
Hospitality group says it has also completed the purchase of Hard Rock hotel in Amsterdam
Group revenues climbed 29% in the first half of the year with like-for-like Revpar up 23% amid improved occupancy rates
Joe Brennan: Hotel group has been the top performing stock so far this year on the Iseq 20
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